Exclusive: Renault seeks French labor deal to cut costs.
(Reuters) - French automaker Renault (RENA.PA) will ask unions for a new nationwide deal on pay and conditions to avert mass layoffs of the kind announced by troubled rival PSA Peugeot Citroen (PEUP.PA), Chief Operating Officer Carlos Tavares told Reuters.
Faced with a sustained European auto-market slump, Renault is pressing workers to enter talks on aligning French wage and production costs with plants in Spain and the UK, Tavares said in an interview at the Paris auto show on Thursday.
"We're not asking for the moon," Tavares said. "We're talking about benchmarks."
Renault's No.2 executive said unions were mindful of the situation at Paris-based Peugeot, which plans to cut more than 10,000 jobs, close one assembly plant and shrink another.
http://www.reuters.com/article/2012/09/27/us-autoshow-paris-renault-wagedeal-idUSBRE88Q0UC20120927
Its the European auto-market slump which was the background to the issues with Peugeot some weeks back. At least some Renault vans are manufactured at the Vauxhall/GM plant here in Luton UK as are some similar Nissans - Renault Nissan is a joint venture..